OPEC is struggling to stabilize the oil price - but the line of demand destruction drops and drops.

In the real world, the blue line is accelerating away from the WTI price, over time, since the ETP MAP is failing over time.

And that's even WITH the recent WTI price drop from the COVID-19 scare. And clearly THAT wasn't in shorty's calculations, which were all about the system "collapsing", oil drilling not being "sustainable", etc.

Spin it all you want -- failing is failing.

What fairy tales will you be relying on in late 2021 when the WTI MAP is supposed to be about $2, according to shorty's MAP predictions?

Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.

I try to clarify the naming, especially for you, using "ETP-MAP theory" and "ETP-MAP reality".

No, shorty did not foresee in 2013 that the COVID-19 crisis the world hits in 2020. But he has foreseen, that a lot of crisis will come. And we know, that most type of crisis will drive the oil price down.

OPEC+ has decided to reduce the oil production in a desperate act to stabilize the price. Some of the OPEC+ members did not want follow the decision because they want to finalize the frackers. But they are rescued this time.

Baduila wrote:No, shorty did not foresee in 2013 that the COVID-19 crisis the world hits in 2020. But he has foreseen, that a lot of crisis will come. And we know, that most type of crisis will drive the oil price down.

OPEC+ has decided to reduce the oil production in a desperate act to stabilize the price. Some of the OPEC+ members did not want follow the decision because they want to finalize the frackers. But they are rescued this time.

Rubbish. Shorty didn't see anything. The price of oil has been all over the place, and is basically unforseeable (like the details of the future), largely due to tech. changes that almost no one imagines ahead of time.

Pretending that what is happening this week or month validates the MAP when it is already WAY off and getting much worse over time is mighty weak sauce -- but of course, that's all you have to cling to.

Oh, and big picture, how is "a lot of crisis" a very steady trend over time of more and more and more global oil production, despite all his calls for "collapse", unsustainable oil, the world can't afford oil, yadda yadda?

Hint: The world isn't flat just because a group of math and science denying conspiracy theorists vehemently insist it is by arm waving at ridiculous claims. Same goes for ETP and oil in the real world.

Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.

Well, the MAP is now really going to be tested. Conventional theory woukd have the oil price shoot up soon as demand probably will pick up some soon and meanwhile a supply glut will have developed. But if ETP is truly right, not enough net energy to keep demand and the Economy strong so instead the oil price will stay the same or get lower. As Short said we are approaching the Dead State

THere will be no shoot up.This graph shows, that the current oil price is too high for China (and most other countries but USA and Germany).Covid-19 is responsible only for the last small drop. The decay of car production and oil price starting 2018 will continue after Covid-19 has disappeared.

THere will be no shoot up.This graph shows, that the current oil price is too high for China (and most other countries but USA and Germany).Covid-19 is responsible only for the last small drop. The decay of car production and oil price starting 2018 will continue after Covid-19 has disappeared.

Updating nonsense with more nonsense doesn't make you clever.

But continue on, as no doubt you will.

In the real world, the economy will persist beyond 2021, despite shorty's claims. Even WITH COVID-19 having wreaked havoc. Just imagine how well it would have done without that UNPREDICTABLE event.

Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.

onlooker wrote:if ETP is truly right, not enough net energy to keep demand and the Economy strong so instead the oil price will stay the same or get lower.

ETP is all about creating a false correlation = causation linkage. This event is chum in the water for that phenomenon but it's not particularly compelling. Coronavirus is the epitome of an above-ground black-swan. It's got nothing to do with the underlying net energy of fossil fuels, just as the credit crisis before it didn't.

BOLD PREDICTIONS-Billions are on the verge of starvation as the lockdown continues. (yoshua, 5/20/20)

HALL OF SHAME:-Short welched on a bet and should be shunned.-Frequent-flyers should not cry crocodile-tears over climate-change.

Now we have all the effects expectable from the ETP model, but a little bit faster:Closing of auto fabs, closing of air traffic, delay of ship traffic, and a looming crash of the financial system. The black swan has landed.